FCA Ban Defined Benefit Pension Transfer Contingency Charging
The FCA has announced a ban of Contingency Charging for Defined Benefit Pension Transfer, which will come into force on 1st October 2020. This long awaited announcement follows on from the FCA’s CP19/25 consultation launched in July 2019. It comes as no surprise for...
Defined Benefit Pension Transfer PI Cover Halts Advisers
The Personal Finance Society say Financial Advisers are leaving the Defined Benefit Pension Transfer market in their droves due to the lack of affordable professional indemnity cover. The Underwriters for DB Pension Transfer PI cover have been spooked by the risk of...
The Impact of Coronavirus on Pensions
The impact of the Coronavirus on the pension industry has been widespread, ruthless and relentless; from the law makers, regulators, trustees, employers, pension funds to scheme members. As the country goes into self isolation and chaos ensues we try to make sense of...
How will the Coronavirus affect my pension transfer value?
If you are 55 or over and have been affected by the coronavirus, lost your job and can’t pay your bills checkout our coronavirus pension guide on how to access and release cash from your pension early. The coronavirus is causing mayhem with the world’s stock...